Business
Hawthorn Resources to Effect Name Change to Prince Silver Corp. and Amend Stampede Acquisition Share Exchange Agreement
VANCOUVER, BC / ACCESS Newswire / July 7, 2025 / Hawthorn Resources Corp. (CSE:HWTN) (OTC:HWTNF) ("Hawthorn" or the "Company") is pleased to announce that the C
About this update from Prince Silver Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / July 7, 2025 / Hawthorn Resources Corp. (CSE:HWTN) (OTC:HWTNF) (\"Hawthorn\" or the \"Company\") is pleased to announce that the Company will complete its previously announced name change to Prince Silver Corp. (the \"Name Change\") and 1:0.75 share consolidation (the \"Consolidation\"), with a record date of July 11, 2025. The Name Change and Consolidation will be effective, and the Company's common shares will commence trading on a Consolidated basis under the name Prince Silver Corp. and new symbol \"PRNC\" effective after the market close on July 11, 2025. The new CUSIP for the Company's Consolidated common shares is 74174A102. Registered shareholders will receive a letter of transmittal from Odyssey Trust Company, the Company's transfer agent which will be mailed July 11, 2025, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders' accounts. Upon Consolidation the Company will have approximately 16,054,125 shares outstanding. Concurrently with the completion of the Consolidation and Name Change: the Company's previously issued subscription receipts (\"Subscription Receipts\") will automatically convert into an aggregate of 14,807,315 post-Consolidation Shares and 3,951,938 share purchase warrants (\"Warrants\") exercisable at $0.40 until December 23, 2026; and and the Company anticipates completing its previously announced acquisition of Stampede Metals Corporation from Stampede Metals Limited, a private Australian corporation (\"Stampede AU\") under revised terms discussed below. In connection with the conversion of the Subscription Receipts, the Company will pay aggregate finder fees of $101,549.98 and issue an aggregate of 432,111 finder's warrants (\"Finder's Warrants\") exercisable at $0.40 until December 23, 2026. The Shares, Warrants and Finder's Warrants are subject to a hold period expiring October 24, 2025, pursuant to applicable securities laws and the policies of the Canadian Securities Exchange (the \"CSE\"). \"Rebranding as Prince Silver Corp. marks a transformative step as we align our corporate identity with the Prince Silver Project, a large-scale silver asset located in one of the world's premier mining jurisdictions,\" stated Ralph ...